SEBI is providing registration for the investment advisory services and for registration purposes one can call them at 022-26449000 to get access to all information.
However before jumping the gun for investment advisory services; one must understand that Investment Advice means advice relating to investing in, purchasing, selling or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, whether written, oral or through any other means of communication for the benefit of the client and shall include financial planning.
Investment Advice given through newspaper, magazines, any electronic or broadcasting or telecommunications medium, which is widely available to the public shall not be considered as Investment Advice.
How these guidelines affect banks, non-banking financial companies (NBFCs) and corporates?
However before jumping the gun for investment advisory services; one must understand that Investment Advice means advice relating to investing in, purchasing, selling or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, whether written, oral or through any other means of communication for the benefit of the client and shall include financial planning.
What is not Investment Advice?
How these guidelines affect banks, non-banking financial companies (NBFCs) and corporates?
Under new guidelines, investment advisers -- banks, non-banking financial companies (NBFCs) and corporates -- would have to segregate their investment advisory services from other activities as part of Sebi's efforts to ensure more transparency.
You can get more inputs about becoming an investment advisor and SEBI page giving Investment advisor guidelines here.
You can get more inputs about becoming an investment advisor and SEBI page giving Investment advisor guidelines here.
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